Farming Bots-Equilibria Finance (EQB)
Equilibria Finance (Equilibria) can help boost your rewards as a liquidity provider (LP) on Pendle Finance (Pendle) with relatively low risks. You can provide liquidity on Pendle, and then stake your Pendle LP tokens on Equilibria to earn EQB and PENDLE.
Cobo Argus' Farming Bot can monitor your EQB and PENDLE rewards in real-time and automatically manage rewards on your behalf once it is triggered. Based on its pre-configured settings, the Farming Bot can transfer your rewards to a designated receiving address to help you enhance investment potential and operational efficiency.
In this section, we will walk you through the process of setting up a Farming Bot to automatically harvest and manage token rewards. This section includes the following sub-sections:
How to create a Safe{Wallet}
How to stake Pendle LP tokens on Equilibria
How to create a Cobo Argus account
How to set up the Farming Bot to automatically harvest and manage rewards
1. How to create a Safe{Wallet}
DeFi protocols are built on decentralized networks, and users engage with these protocols and execute associated transactions through crypto wallets. Thus, having a crypto wallet serves as the initial stride towards entering the realm of DeFi. Various options are available for users to create their crypto wallets, such as MetaMask, WalletConnect, Trust Wallet, and Ledger. For illustrative purposes, this sub-section uses MetaMask as an example.
Cobo Argus is an on-chain digital asset management tool, meticulously crafted upon the foundation of Safe{Wallet}. Once you have a crypto wallet, you can proceed to create a Safe{Wallet} to kickstart your DeFi journey on Cobo Argus.
Step 1: Connect MetaMask and top up gas fees
Select the Arbitrum Network and connect your MetaMask. Because gas fees will be incurred when you create a Safe{Wallet}, please top up gas fees in advance (i.e., ETH on Arbitrum).
Step 2: Head to Safe{Wallet}: https://app.safe.global/welcome
Click on "+ Create new account".
Step 3: Name your wallet, select the Arbitrum network, and click on "Next"
Step 4: Add Safe Owner(s)
If your team requires multiple members to collaboratively manage funds under the Safe{Wallet}, you can add their wallet addresses and designate them as Safe Owner(s). You can also configure how many Safe Owner(s) are required to approve each transaction.
For example, adding two wallet addresses indicates that the Safe{Wallet} has two Safe Owners. Choosing "1 out of 2" represents a 1/2 signature scheme where each transaction requires confirmations from at least one Safe Owner.
Please enter the wallet addresses of your team members who need to be Safe Owner(s), choose a threshold, and then click on "Next".
Step 5: Complete a single-sig transaction using your connected wallet
Click on "Confirm" to complete a single-sig transaction. Your Safe{Wallet} will be created once the transaction is completed.
Step 6：Head back to Safe{Wallet} homepage
Congratulations! Your Safe{Wallet} has been successfully created. On the Safe{Wallet} homepage, you will see the following components:
New Transaction: Safe Owner(s) can initiate multi-signature transactions
Assets: Safe Owner(s) can view assets held in the Safe{Wallet}
Note: You can transfer your assets or LP tokens to this Safe{Wallet} for subsequent investment operations.
Transactions: All transactions under this Safe{Wallet} will be displayed, including queues (transactions awaiting signatures), history (completed transactions) and more
Address Book: All wallet addresses will be displayed
Apps: A list of dApps associated with the Safe{Wallet} will be displayed
Settings: You can view basic information such as the Safe{Wallet} version, Safe Owner(s) addresses, signature threshold and more
You can connect WalletConnect to use funds in your Safe{Wallet} for providing liquidity on Pendle and acquiring LP tokens. You can then stake these LP tokens on Equilibria to boost yields. Alternatively, you can head to Equilibria to complete the aforementioned investment operations directly. In this sub-section, we will guide you through the process of making investments directly on Equilibria using funds in your Safe{Wallet}.
2. How to stake Pendle LP tokens on Equilibria
Step 1: Connect your wallet
Head to Equilibria: https://equilibria.fi/stake. Then, click on "Connect Wallet".
Select "WalletConnect V1".
Note: You must select WalletConnect in order to use funds in your Safe{Wallet}.
Click on "Copy to clipboard" to copy the connection link. Then, head to Safe{Wallet}.
On the Safe{Wallet} homepage, click on "Use WalletConnect".
Paste in the connection link. Your Safe{Wallet} will be automatically connected to Equilibria.
Head back to Equilibria. On the top right corner, you will be able to view your Safe{Wallet} address.
Step 2: Stake LP tokens on Equilibria
Locate the GLP pool on Equilibria.
If your Safe{Wallet} contains Pendle LP tokens (i.e., PENDLE-LPT), simply enter the desired allowance quantity and click on "Approve".
If you do not have any Pendle LP tokens, please refer to this user manual for guidance on how to provide liquidity on Pendle.
A multi-sig transaction will be initiated.
Head back to the WalletConnect homepage on Safe{Wallet}. Then, click on "Submit".
Inform Safe Owner(s) whose signatures are required to approve each transaction to complete a multi-sig transaction (if applicable).
Click on "Confirm". The multi-sig transaction will be broadcasted on-chain.
The token approval will take effect once the multi-sig transaction is executed.
Head back to Equilibria and click on "Deposit" to stake your Pendle LP tokens.
Click on "Submit".
Inform Safe Owner(s) whose signatures are required to approve each transaction to complete a multi-sig transaction (if applicable).
Click on "Confirm". The multi-sig transaction will be broadcasted on-chain.
Your Pendle LP tokens have now been successfully staked. You will be able to see the "Claim" button on Equilibria.
Click on "My Deposits" under "Dashboard" to view your deposits and rewards.
Congratulations! You have successfully staked Pendle LP tokens on Equilibria's GLP Pool. You can now set up a Farming Bot to automatically harvest and manage your PENDLE and EQB token rewards. You can also use the Farming Bot to automatically transfer your token rewards to a designated receiving address.
3. How to create a Cobo Argus account
Step 1: Sign up for a Cobo Argus account
Currently, you can create an account on Cobo Argus using an email address or a wallet address. For more information on how to create an account on Cobo Argus, please refer to this user manual.
Assume that you sign up on Cobo Argus using a wallet address. To log in to your Cobo Argus account, you will need to sign a message in your MetaMask.
Click on "+Import" and select "MetaMask" to import your Safe{Wallet} to Cobo Argus.
Select all Safe{Wallets} you would like to import. Then, click on "Continue".
Enter a name for your Safe{Wallet} and click on "Import". Then, sign a message in your MetaMask.
You have successfully imported your Safe{Wallet} to Cobo Argus.
If you need to invite team members to co-manage funds under the Safe{Wallet}, please refer to this user manual.
4. How to set up the Farming Bot to automatically harvest and manage rewards
Step 1: Create and set up a Farming Bot for Equilibria-Pendle
Click on "Bots" on the left-menu and locate the GLP Farming Bot under "Equilibria-Pendle".
Select the Safe{Wallet} you would like to use and click on "Create Safe Module".
Click on "Continue" and sign a message in your MetaMask.
Inform Safe Owner(s) to complete a multi-sig transaction on Safe{Wallet} (if applicable).
Safe Owner(s) whose signatures are required to approve each transaction will need to head to Safe{Wallet} and then click on "Execute".
Safe Owner(s) will need to review the transaction details and then click on "Submit".
Safe Owner(s) will need to click on "Confirm" to complete the multi-sig transaction.
Your Cobo Safe Module has been successfully created.
Head back to GLP Farming Bot's homepage on Cobo Argus. Then, click on "Set Up Bot".
Enter a name for your Farming Bot.
Step 2: Set up triggers for your Farming Bot
Cobo Argus currently supports three types of trigger conditions.
Time Interval: the frequency at which the Farming Bot will be triggered (e.g., per minute, per hour, daily, weekly).
Rewards Amount: the threshold amount of token rewards (e.g., PENDLE, WETH) at which the Farming Bot will be triggered.
Gas Price: the Farming Bot will be triggered if the gas price is equal to or below a specified threshold.
You can set one trigger or multiple triggers.
One trigger: the Farming Bot will be triggered if the selected trigger condition is met.
Multiple triggers: the Farming Bot will be triggered only if all of the selected trigger conditions are met.
Step 3: Set up tasks for your Farming Bot
The Farming Bot will execute tasks when it is triggered. Cobo Argus currently supports two types of tasks.
Notification: Cobo Argus will send an email to the Admins and Operators of the organization each time the Farming Bot is triggered.
Manage Rewards:
Receive Token: The Farming Bot will transfer your EQB and PENDLE rewards to a designated receiving address. For security purposes, the Farming Bot can automatically claim WETH on your behalf but it will not transfer your WETH rewards to a receiving address.
Advanced Settings: the Farming Bot will transfer your EQB and PENDLE rewards to different receiving addresses.
Note: If you have not added any addresses yet, click on "Add Address". If you need to transfer your rewards to a new team member's address, click on "Invite Member".
Step 4: Review token approval
Review the list of tokens in your Safe{Wallet} that require your approval for use by the Farming Bot.
Step 5: Click on "Submit" and sign a message using your MetaMask
Step 6: Complete a multi-sig transaction on Safe{Wallet}
Step 7: Head to Safe{Wallet} to complete a multi-sig transaction
Safe Owner(s) whose signatures are required to approve a transaction will need to head to Safe{Wallet} and then click on "Execute".
Click on "Submit" to complete the multi-sig transaction.
Step 8: Click on "OK" to complete the bot setup
Congratulations! You have successfully set up a GLP Farming Bot. Your Farming Bot will monitor your rewards in real-time and manage rewards automatically on your behalf once it is triggered.
Step 9: Top up your Gas Account
Gas fees will be incurred each time the Farming Bot executes a task. To make sure that your Farming Bot will function properly, please top up your Gas Account in advance.
Click on "Deposit" under Gas Account or click on "Gas Account" at the top of the page.
Note: Before making a deposit, make sure that the blockchain network is correct.
Step 10: View and manage your Farming Bot
Click on "Bots" on the left menu and then click on "Strategy Bots" to view all the Farming Bots you have set up.
Locate your GLP Farming bot and click on "View All" to view its running status.
Click on "Edit" to modify the settings of your Farming Bot.
Click on "Terminate" if you want to permanently remove a Farming Bot. Because terminating a Farming Bot will remove its on-chain authorization, a multi-sig transaction from Safe Owner(s) is required.
This section walks you through the process of using Cobo Argus' Farming Bot to automatically harvest and manage rewards after providing liquidity on Pendle and staking your LP tokens on Equilibria.
If you want to learn more about Cobo Argus, please visit https://argus.cobo.com or read our product documentation.
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